Rocky Mountain Releases Q1 Results

Rocky Mountain Dealerships Inc., based in Calgary, Canada, recently reported its financial results for the quarter ended March 31, 2016.

The company reported that its used equipment inventory declined by $10.9 million, or 3.8 percent. Total revenues declined by 14 percent to $189.5 million.

Revenues from the company’s agriculture segment product support increased for the tenth consecutive quarter.

Garrett Ganden, Rocky’s president and CEO, said the company “is pleased with the overall outcome” for the quarter.

The company said in its report that it will consolidate its industrial distribution facilities located in Calgary and Red Deer, Alberta into existing agriculture facilities in those areas.

Ganden said the change will eliminate the costs associated with operating and maintaining multiple physical locations in the same trade area. S